Although perhaps not as active as President Trump is on Twitter, two of the main federal regulators that oversee vehicle deliveries and auto financing have been far from quiet so far in 2017. But how the Federal Trade Commission and the Consumer Financial Protection Bureau went about its regulatory business during the first half of […] [Read More]

The auto auction industry will set a new sales record of more than 10 million vehicles this year, auction experts predict. That’s up from 9.8 million in 2016. Ira Silver, National Auto Auction Association chief economist, believes 10 million sales for the industry is on target. He attributes the growth to an increase in the […] [Read More]

Like many Canadian auto dealers, a hurdle that Mississauga Toyota has faced in the used-car market has been finding the right supply of pre-owned vehicles and at the right price to keep healthy margins. But another used-car dynamic shared by dealer principal Susan Gubasta poses as both a blessing and a challenge. That being the […] [Read More]

It’s a family matter at Hanover Honda in Ontario. Store president Larry Lantz runs the store alongside sons Rob (general manager) and Dave (sales manager). And the advantage to having family around? “Well, they’re very knowledgeable, but they work for peanuts,” Larry Lantz said with a laugh. “No, the family works for less money to […] [Read More]

The year was 2001, and the state was Maryland. The vehicle was a silver Honda Insight. It was the first used hybrid ever sold by CarMax, according to the company. Since then, CarMax said last month in this blog post, it has sold more than 100,000 used hybrids and electric vehicles, with choices of model […] [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley described how the subprime finance company is going through what he called a “painful process.” While the company’s originations are down from last year, its delinquencies didn’t spike to alarming levels. Rather, Bradley is leading CPS with patience even though Q2 originations edged up slightly […] [Read More]

Drive Motors, which provides ecommerce solutions for car dealers, has completed a $5.2 million round of seed funding. Bullpen Capital led the round and was joined by existing investors Y Combinator, Khosla Ventures, Perkins Coie LLP and Emagen Entertainment Group, among others. Drive Motors began providing online checkout options for dealer websites last year after […] [Read More]

Porsche Cars Canada recently moved its corporate headquarters to a new facility in Toronto that will also house the company’s first training center for personnel nationwide. The company's former head office had been in Mississauga since 2009. “Our new Canadian headquarters now incorporate a dedicated training facility, which will enhance the level of service we provide […] [Read More]

PCG Companies recently became the National Independent Automobile Dealers Association’s newest National Member Benefit partner, and now provides discounts to association members. NIADA members can receive discounted rates on PCG's suite of online specialist certification courses and its library of published works, and they also have access to digital marketing packages.  "This end of our business is moving at […] [Read More]

LeasePlan USA has brought Michael Croft on to its to business development team, where he will work with companies in the Southwestern region. Croft most recently served as vice president of sales for Element Fleet. He joins LeasePlan while it is expanding its business development team in preparation for smart growth and future endeavors, according to the […] [Read More]